Odisha approves investment plans worth Rs 25\,845 crore

Odisha approves investment plans worth Rs 25,845 crore

IANS  |  Bhubaneswar 

The government on Saturday approved six proposals to set up large manufacturing units in the state at an investment of Rs 25,845 crore.

The (HLCA), headed by Naveen Patnaik, approved the projects, three of which are from Vedanta Ltd.

Vedanta plans to set up a unit to make caustic soda and at Dhamra in district at an investment of Rs 6,500 crore, said

Besides, the HLCA approved Vedanta's proposal to expand its alumina refinery plant at Lanjigarh in district at an investment of Rs 6,483. Further, the Anil Agarwal-controlled company seeks to expand its aluminium smelter unit in Jharsuguda at an investment of Rs 1,240 crore.

It also approved a downstream project of state-run entailing an investment of Rs 5,522 crore. It will produce aluminium alloy wheel, aluminium foil, aluminium rolled products and extrusions at Kamakshyanagar in district, said Chopra.

He said that plans to establish a downstream unit for production of aluminium flat rolled products at Lapanga in Sambalpur.

The unit will require an investment of Rs 5,000 crore.

The HLCA also approved a Rs 1,100-crore investment proposal of for production of flexible packaging at Paradip.

--IANS

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First Published: Sat, November 03 2018. 16:26 IST